Mastercard, JPMorgan in FTC Study on ‘Surveillance Pricing’ (2)

US regulators are examining how companies including Mastercard Inc., JPMorgan Chase & Co. and a unit of Goldman Sachs Group Inc. provide clients with algorithms that use consumers’ personal data to tailor product pricing to individuals — what the agency termed “surveillance pricing.”

The US Federal Trade Commission said Monday it sent subpoenas to eight firms seeking information about what pricing products they offer, the data they collect and how it’s used to target which consumers receive offers.

The companies that are the focus of the inquiry are: Mastercard; JPMorgan; Goldman Sachs Merchant Banking Division’s Revionics; Task Group Holdings ...